We are overjoyed to announce Leslie Black-Plumeau's well-deserved promotion to Director of Research and Community Relations at VHFA. Leslie Black-Plumeau was VHFA’s Research and Community Relations Manager. She has worked in research and community outreach roles at VHFA since 2004. Her expertise, dedication, and drive for excellence have elevated our work and cemented her as an invaluable asset to our team.
Press Releases
VHFA receives $7.5 million in federal and philanthropic awards for investments in affordable housing
By: Mia Watson
Vermont Housing Finance Agency (VHFA) announced it received $7.5 million for housing through a federal award and a generous philanthropic donation. Together, these awards will support the development or preservation of over 300 affordable rental homes, as well as establishing an innovative pilot project to support smaller-scale community housing projects. The recent awards demonstrate how investments from philanthropic donors can help attract new federal funding to meet Vermont’s housing needs.
VHFA's Megan Roush Receives Rising Star Award
By: Alexis Carpenter
Vermont Housing Finance Agency (VHFA) is pleased to announce that Megan Roush, VHFA Director of Development, has been selected for the VermontBiz Recognizes Vermont’s Rising Stars Class of 2023
First Generation Homebuyer Program Update
By: Eric Hoffman
The State of Vermont has renewed funding for the First Generation Homebuyer Program. Originally released as a pilot program in 2022, the program is now widely available and offers eligible homebuyers a $15,000 grant to help with down payment and closing costs. Interested homebuyers can now apply through any local VHFA participating lender (bank, credit union, or mortgage company).
Last week, the Vermont Housing Finance Agency (VHFA) Board of Commissioners awarded Vermont State Affordable Housing Tax Credits for homeownership development projects across the state. Once sold to investors, the credits will yield nearly $3 million in equity for downpayment assistance for newly constructed or substantially rehabilitated single-family homes as well as energy-efficient manufactured homes. Additionally, Commissioners awarded more than $8.5 million as part of the Missing Middle-Income Homeownership Development Program, which will create 180 homes across the state.
The Vermont Agency of Human Services (AHS) is currently designing the Medicaid Permanent Supportive Housing (PSH) Assistance Program. This new program is for adults who have Medicaid and who meet certain health and risk criteria. The Program will provide people with access to help getting and keeping housing as well as the support services and connection to resources that provide rental assistance.
Many Vermont households were displaced after July’s flooding and are in need of housing. The Federal Emergency Management Agency (FEMA) is seeking information from current rental/residential, multi-family property owners and managers in order to provide temporary housing to eligible FEMA applicants. FEMA’s Multi-family Lease and Repair (MLR) program is a form of temporary housing assistance to repair or make improvements to existing multi-family residential properties and offered as temporary housing to eligible households impacted by the flooding.
VHFA awards housing credits and loans for 139 perpetually affordable homes
By: Chad Simmons
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced Monday the award of state and federal housing tax credits and loans to support the construction, rehabilitation or preservation of 139 permanently affordable apartments in four communities across the state.
The Missing Middle-Income Homeownership Development Program (Missing Middle) recently received an additional $9 million through the Fiscal Year 2023 State Budget Adjustment Act. This funding is available to both applicants who previously submitted applications earlier this year as well as new applicants to the program.
VHFA provides $28 million through federal housing credits to build perpetually-affordable apartments across Vermont
By: Chad Simmons
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced last week that its annual award of federal housing tax credits will support the construction of 112 homes in perpetually affordable apartment buildings in four communities across the state. The sale of this year’s tax credits to investors is expected to yield over $28 million in funds covering an estimated 60 percent of total project development costs.